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Bitcoin’s ‘Store-of-Value’ Narrative Is Real but Not a Price Mover

Altszn.com by Altszn.com
April 19, 2023
in Bitcoin
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Bitcoin’s ‘Store-of-Value’ Narrative Is Real but Not a Price Mover
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Plus, with other “hard assets,” the price influences the potential supply. For instance, if gold were to surge from $2,000 to $20,000 per ounce, new extraction methods would become viable, boosting the theoretical cap. Bitcoin is the only asset traded on liquid exchanges for which the price has no influence whatsoever on the supply. It is the hardest of hard assets.



Read More: www.coindesk.com

Tags: BitcoinbitcoinsBTCMovernarrativePriceRealStoreofValue
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